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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject2/14/2001 12:33:41 AM
From: Sam Raven   of 1567
 
Traders today seemed to figure that a resuscitation from near death growth via more interest rate cuts is better than slower growth that may not need as much interest rate assistance. So for now, it seems like the tape and the Fed are going in different directions, the Fed will win.

The market internals held their own despite the weakness in the indices. The screened stock ratio reflected the weakness in the indices at 6 to 3 favoring selling. The market internals have improved significantly over last December and reflect a slow market comeback.

The stock screens were swamped with different retailers, I'm not sure whether this will amount to much or just a defensive play and bounce on the stronger retail sales.

Longs to watch: DCN, ESI, HET, IDXX, MU, RDC, RSH, TGT, TOY and WMI.

Good Trading!!

Sam
savvy-trader.com
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